You are here

China may boost gold imports through Hong Kong by about 50%

Local investors are seeking to protect their wealth from currency risks, a slowing property market and volatile stocks

Wed, Jun 07, 2017 - 5:50 AM

Local consumption was up 15 per cent in the first quarter, with sales of bars for investment climbing more than 60 per cent, according to data from the China Gold Association.

PHOTO: REUTERS

Singapore

CHINA, the world's biggest gold market, may boost imports through Hong Kong by about half this year as local investors seek to protect their wealth from currency risks, a slowing property market and volatile stocks, according to the Chinese Gold & Silver Exchange Society.